Common use of Rates and Payment of Interest Clause in Contracts

Rates and Payment of Interest. (i) All Obligations (except for the undrawn amount of any issued and outstanding Letters of Credit) shall bear interest at Daily Simple SOFR in effect from time to time, plus the Applicable Margin, except (A) Obligations shall bear interest at the Default Rate (whether before or after any judgment) automatically upon the occurrence and continuation of an Event of Default under Section 8.1(d) and upon written notice by Lxxxxx to a Borrower on and after any other Event of Default, and (B) as otherwise provided in Section 2.7. (ii) Interest shall accrue from the date a Revolving Loan is made or Obligation is incurred or payable, as the case may be, until paid in full by a Borrower. Interest accrued on Revolving Loans shall be due and payable in arrears, on the first day of each calendar month, and in each case, in any event on the Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents and, if no payment date is specified, shall be due and payable on earlier of the first day of the calendar month after incurred or the Termination Date. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.

Rates and Payment of Interest. (i) All Obligations (except for the undrawn amount of any issued and outstanding Letters of Credit) shall bear interest at Daily Simple SOFR in effect from time to time, plus the Applicable Margin, except (A) Obligations shall bear interest at the Default Rate (whether before or after any judgment) automatically upon the occurrence on and continuation of after an Event of Default under Section 8.1(d) and upon written notice by Lxxxxx Lender to a Borrower on and after any other Event of Default, and (B) as otherwise provided in Section 2.7. (ii) Interest shall accrue from the date a Revolving Loan is made or Obligation is incurred or payable, as the case may be, until paid in full by a Borrower. If a Revolving Loan is repaid on the same day made, one day’s interest shall accrue. Interest accrued on Revolving Loans and the Term Loan shall be due and payable in arrears, on the first day of each calendar month, and in each case, in any event on the Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents and, if no payment date is specified, shall be due and payable on earlier of the first day of the calendar month after incurred or demand or the Termination Date. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.

Rates and Payment of Interest. (i) All a. The Obligations (except for the undrawn amount of any issued and outstanding Letters of Credit) shall bear interest at Daily Simple the Contract Rate (except as may be provided by the definition of Term SOFR or Section 2.1.5, Section 3.1.2, Section 3.5, or Section 3.6). Subject to Section 2.1.5, Section 3.1.2, Section 3.5 or Section 6, all Loans shall be SOFR Loans. b. During an Insolvency Proceeding with respect to any Borrower, or during any other Event of Default if Agent or Required Lenders in effect from time to timetheir discretion so elect, plus the Applicable Margin, except (A) Obligations shall bear interest at the Default Rate (whether before or after any judgment) automatically upon the occurrence and continuation of an Event of Default under Section 8.1(d) and upon written notice by Lxxxxx to a Borrower ), payable on and after any other Event of Default, and (B) as otherwise provided in Section 2.7demand. (ii) c. Interest shall accrue from the date a Revolving Loan is made advanced or Obligation is incurred or payable, as the case may be, until paid in full by a BorrowerBorrowers, and shall in no event be less than zero at any time. Interest accrued on Revolving the Loans shall be due and payable in arrears, (i) on the first calendar day of each calendar month, for the Monthly Period then ended; (ii) on any date of prepayment, with respect to the principal amount being prepaid; and in each case, in any event (iii) on the Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents andor, if no payment date is specified, shall be due and payable on earlier of the first day of the calendar month after incurred or the Termination Date. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.

Rates and Payment of Interest. (ia) All The Obligations (except for the undrawn amount of any issued and outstanding Letters of Credit) shall bear interest at Daily Simple the Contract Rate (except as may be provided by the definition of Term SOFR or Section 3.1.2, Section 3.5, or Section 3.6). Subject to Section 3.1.2, Section 3.5 or Section 6, all Loans shall be SOFR Loans. (b) During an Insolvency Proceeding with respect to any Borrower, or during any other Event of Default if Agent or Required Lenders in effect from time to timetheir discretion so elect, plus the Applicable Margin, except (A) Obligations shall bear interest at the Default Rate (whether before or after any judgment) automatically upon the occurrence and continuation of an Event of Default under Section 8.1(d) and upon written notice by Lxxxxx to a Borrower ), payable on and after any other Event of Default, and (B) as otherwise provided in Section 2.7demand. (iic) Interest shall accrue from the date a Revolving Loan is made advanced or Obligation is incurred or payable, as the case may be, until paid in full by a BorrowerBorrowers, and shall in no event be less than zero at any time. Interest accrued on Revolving the Loans shall be due and payable in arrears, (i) on the first calendar day of each calendar month, for the Monthly Period then ended; (ii) on any date of prepayment, with respect to the principal amount being prepaid; and in each case, in any event (iii) on the Commitment Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents andor, if no payment date is specified, shall be due and payable on earlier of the first day of the calendar month after incurred or the Termination Date. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.

Rates and Payment of Interest. (a) The Obligations shall bear interest (i) All Obligations (except for if a Base Rate Loan, at the undrawn amount of any issued and outstanding Letters of Credit) shall bear interest at Daily Simple SOFR Base Rate in effect from time to time, plus the Applicable Margin; (ii) if a LIBOR Term SOFR Loan, except at LIBOR Term SOFR for the applicable Interest Period, plus the Applicable Margin; and (Aiii) if any other Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Base Rate Loans. (b) During an Event of Default under Section 11.1(a)(i) or 11.1(g), or during any other Event of Default if Required Lenders in their discretion so elect, overdue Obligations shall bear interest at the Default Rate (whether before or after any judgment) automatically upon the occurrence and continuation of an Event of Default under Section 8.1(d) and upon written notice by Lxxxxx to a Borrower ), payable on and after any other Event of Default, and (B) as otherwise provided in Section 2.7demand. (iic) Interest shall accrue from the date a Revolving Loan is made advanced or Obligation is incurred or payable, as the case may beapplicable, until paid in full by a Borrower, and shall in no event be less than zero at any time. Interest accrued on Revolving the Loans shall be is due and payable in arrearsarrears (i) on each Interest Payment Date; (ii) concurrently with prepayment of any LIBOR Loan, on with respect to the first day of each calendar month, principal amount being prepaid; and in each case, in any event (iii) on the Termination Date. Interest accrued on any other Obligations shall be due and payable as provided in the Loan Documents andor in the other applicable agreements, or if no payment date is specified, shall be due and payable on earlier of the first day of the calendar month after incurred or the Termination Date. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on demand.